The Remortgage Process & Why You Should Use a Broker

What Is Remortgaging?

Remortgaging means switching from your current mortgage deal to a new one. This could be with your existing lender or a completely new one.

You might remortgage to:

🔄 Get a better interest rate
💷 Lower your monthly payments
📉 Release equity from your home
🏡 Change the length or terms of your loan

Most people remortgage when their initial fixed-rate or tracker deal comes to an end, to avoid moving onto the lender’s (usually higher) Standard Variable Rate (SVR).

The Remortgage Process – Step by Step

Here’s what a typical remortgage journey looks like:

1️⃣ Check Your Current Deal
Find out when your current rate ends and whether any early repayment charges (ERCs) apply.

2️⃣ Speak to a Mortgage Broker
A broker will review your circumstances and goals, and search the market for the best deal for you—not just what’s on the high street.

3️⃣ Get a New Mortgage Offer
Once the right lender is found, your broker will help submit your application and secure a new mortgage offer.

4️⃣ Legal Work
Some remortgages require a solicitor, but most lenders offer a free legal package or cash-back to help cover costs.

5️⃣ Switch Complete
Once everything is approved and signed off, your old mortgage is paid off and your new deal begins. Simple!

Why Use a Mortgage Broker for Your Remortgage?

While it’s technically possible to go it alone—working with a broker can make the process quicker, smoother, and more cost-effective. Here’s why:

✅ Access to exclusive deals – Brokers often have access to mortgage products that aren’t available directly to consumers. These could save you serious money.

✅ Expert advice tailored to you – Whether you're self-employed, have a complex income, or are looking to raise funds, a broker will know which lenders are likely to say yes.

✅ Avoid costly mistakes – We’ll review the small print (fees, penalties, ERCs) so you don’t get caught out.

✅ Time-saving – We do the legwork, paperwork, and chasing up, so you don’t have to.

When Should You Start the Process?

Ideally, you should start looking at remortgage options 3 to 6 months before your current deal ends. This gives you time to lock in a rate and avoid lapsing onto your lender’s SVR.

Final Thoughts: A Smart Move That Doesn’t Need to Be Stressful

Remortgaging is a great opportunity to make sure your mortgage still suits your needs—and that you’re not paying more than you need to.

And when you’ve got a broker by your side, you’re not alone in the process.

📲 Thinking about remortgaging?
Get in touch for expert, no-pressure advice. We’ll help you understand your options and find the right deal for your current situation.

Your home may be repossessed if you do not keep up repayments on your mortgage.

The information contained within was correct at the time of publication but is subject to change.